SoftBank Group sold its entire stake in Nvidia for $5.83 billion to help bankroll envisioned AI investments. The Japanese firm also reported net income for the second quarter that beat the average analyst estimate. The Nvidia stake sale highlights how founder Masayoshi Son needs money to chase a plethora of projects that range from Stargate data centers to AI robot manufacturing sites in the US. SoftBank already has plans to leverage stakes in sector linchpins from OpenAI to US chip designer Ampere Computing LLC.

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